UNI/USDT 16/02/21
Possible descending triangle forming. Declining resistance is strong. If price breaks and closes above declining resistance we could see price touch 23.79 although the 0.786 fib looks like there can be some minor resistance there.
18.76 and 16.98 look to be decent support levels that have been respected multiple times since we've been within the 16.98 - 23.79 range. 200 EMA on 4h chart is also strong support and has been respected multiple times since the start of the bull run.
Support levels:
18.76
16.98
200 EMA on 4h
Resistance levels:
ATH (23.79)
1.618 fib or $28 area
(this is just me logging my TA to see how often I am right vs wrong, do not take this seriously)
18.76 and 16.98 look to be decent support levels that have been respected multiple times since we've been within the 16.98 - 23.79 range. 200 EMA on 4h chart is also strong support and has been respected multiple times since the start of the bull run.
Support levels:
18.76
16.98
200 EMA on 4h
Resistance levels:
ATH (23.79)
1.618 fib or $28 area
(this is just me logging my TA to see how often I am right vs wrong, do not take this seriously)
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